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that that would be me. and i told my wife, "this is america, and america is full of wonderful people, and i'm gonna go out and see what i can do and see if there's someone out there that can help us." >> he showed us the sign that eventually caught the eye of a woman who stopped to say she might have a job for him. >> and sure enough, that phone rang about a week later. she said, "david, i'd like to tell you you're golden, that we have a job for you, and you can start friday." >> and that's where you got the hat? >> that's where i got the hat. >> the university of central florida. >> absolutely. and i've been wearing this hat ever since. >> he's a parking attendant. $10 an hour. and that's enough to keep the motel room, but not enough to get out. jorge dropped out senior year to look for work, but destiny is still being picked up on the school bus route for homeless kids. >> and when things get better again, we know that there are still people struggling, so we'll be able to help out a lot more, and we'll understand what they're going through. >> this opened your eyes to an america that you
america goes off that fiscal cliff. both sides, as you just mentioned, are still sniping at each other. that's one of the reasons why the dow is down slightly. president obama said he would veto the house republican plan b tax proposal designed to avert january 1st tax hikes. the house speaker, mr. boehner, responded by saying that that was irrational and bizarre. john harwood is at the white house to sort out all the latest. yesterday, john, they thought they were getting real close to a deal. it certainly doesn't sound that way today. >> sue, it does appear that they've hit a deadlock in negotiations. you saw the president in a fascinating news conference that he just had in the white house briefing room try to leverage the emotional power of the tragedy in newtown, connecticut, to try to put the pressure on republicans. he talked about them taking off their partisan war paint. he said he'd more than met them halfway in terms of spending cuts that he's offered, coming up in the income threshold for tax increases, and he has the upper hand in public opinion. there's no question about
on the smartest ways to get them made as quickly as pock. >> and i feel like america knows we need to make the changes. medicare has never been changed since it was first put into place. you know, what do you think it's going to take to actually get things done here? i -- does it surprise you that we don't have a deal yet at this time in the calendar? >> i don't know that it surprises me we don't have a deal yet because the unfortunate truth about washington negotiations is anything hard doesn't tend to happen until the very last moment, and let me be honest about that. that has real economic consequences and costs. it's already harm our economy that we're waiting so long, but what i really think we need to see, and you're right, voters outside of washington understand these issues, but we need real honest discussion with the people people where instead of both side pretending that you can get this without the tough choices and going back to the bases and saying there are things you don't like and instead of the conversation always being us and them, two sides fighting it out instead of th
people that we could possibly have in the united states of america, old folks whose cost of living is going up, whose health care have increased, and now we have a formula that was original designed to find out what was the cost of living so that the social security check will be able to be increased to meet the cost of living. now we're doing it backwards. we find out how much money we want to save. incidentally social security was never supposed to be involved in this procedure. how much money do we want to save, and then we say we'll get a formula, and the formula will save us that much money over ten years. it's just not fair to do this to old folks, most of whom are dependant on their checks completely or in part. >> congressman, why should social security not be part of it? people aren't stupid. we all know what the three major drivers of our debt are, medicare, medicaid, social security. social security hasn't been changed. all that's been changed is they changed the eligibility age and that's about it. >> the only reason that it is not supposed to be a part of this because
. >> and everything's on the table. >> as an outdoorsman, i think we need to completely rethink guns in america. >> i think we need to protect our kids at the school, though. everything's on the table. >> our thoughts and prayers are with the families in newtown. >> thank you both very much. right now it's time for "squawk on the street." good morning. welcome to "squawk on the street." which debuted on cnbc's seven years ago today. happy anniversary to us. i'm melissa lee with carl and jim cramer and david faber live from the new york stock exchange. let's look at how we're setting up after yesterday's rally. particular strength in yesterday's rally. we didn't get housing starts, that's earlier today. as for the picture in europe, really the stand outout here is the euro. greece getting a five notch upgrade at the s&p. our road map this morning starts with gm. government motors no more. the treasury to exit its stake in the next 12 to 18 months, purchasing 2 million shares by the end of this month. >> another challenging quarter for fedex with the blame squarely on sandy. but the stock is up pre-mar
, but it did. those are two 2012 success stories that explain how robust corporate america really is and how unheralded that development is. what else? how about that the united states is producing more oil than any time in the last 17 years and producing enough to make along with canada and mexico our continent self-sufficient? plus if we were ever to harness our natural gas as a surface fuel, surface vehicles, we would become nationally self-sufficient. can you imagine what that could do? the ability to put millions to work to move this stuff to where it needs to be, pipelines, drilling, or to make our nation a better, cheaper, safer place to build a business and ultimately lower the price of gasoline, at least in some areas. this wasn't supposed to happen. as big a story as this was in 2012, you know what? it's going to be much bigger in 2013 as we hear about the new plants and factories we built here to take advantage of a relatively inexpensive oil and our incredibly cheap nat gas. how about the state of our company's balance sheets? again, not talked about enough. ♪ hallelujah weren'
minutes could save you fifteen percent or more. >>> mid november's closing low. america, you are right now betting wealthier. >> if i didn't know better, i would say it is a roaring boom market. >> it feels like a growth, optimistic world. and then you say, what am i missing here? monitoris many is becoming more fashionable. well there are charts if you look at the last four years since the financial crisis. we have seen it around the world. there has been a positive relationship. there is evidence to support the theory. when you see the fed lowering interest rates, it looks for attractive. there has been some of that going on and i hope that lower yields printing this money is going to help spur some groemg. but i buy into that too, broadly. you have financials up 8%. materials and commodity stocks are up. >> and watch on that, because we are focused on the u.s. for a lot of good reasons right now. we have the new chinese government in recent days. you are seeing better data out of asia. some of the demand expected by china is influencing this demand too. does that contribute to all of th
. that is the case with bank of america. just to get caught up with the rest of the market is a catch up trade. third, i was asked to name the biggest surprise. i know i dazzled people. i think interest rates are going to go up. maybe big. you better lock in a mortgage right now if you can. i know it is counterintuitive given what the fed chief said but i'm thinking that the fed chief may not be able to stop this. it won't please anyone, particularly the ratings agencies, but we have all learned from europe and the debt debacle from last year that the downgrades, let's just say, they aren't that worrisome, now you don't want to be borrowing trillions of dollars, but remember, a deal without severe belt tightening will be good for the economy. that means rates can go higher and when you combine that with the billions that we spent after hurricane sandy you can see why rates are going down. it will produce a ton of jobs as spending has been held back while we waited for washington. certainty beckons and you want to be involved in the markets ahead of the certainty. that is why this is a rally in antici
's too soon to see the effects it may have for bank america's bottom line. >> it's a good gimmick to get people to start thinking about what they're saving. >> when you log onto this system, it not only digitally ages you, something you can do on iphone, which tells you digitally what things cost. when i retire, the domestic airfare is very expensive. $7 for a gallon of gas. >> $7 for a gallon of gas? >> who knows. >> why didn't you ask for an old tape of me. i can show you aging. it doesn't need to be digital. >> the problem is, even if we took a picture of you now. you wouldn't really age that much. you guys are eternal. >> i have to say, you don't look that deficit. >> i have to look pretty much -- >> are you going to show -- >> andrew is not here and that's a shame. we can do him. >> that's you. >> that's me. in case you didn't see it in the video. this is andrew. andrew wanted to make sure he got any lighting right in the picture. the middle picture is andrew if he ever retires. he's a workaholic. 107. still alive. he looks pretty good. >> if you're here at 107, not a bad deal. it c
Search Results 0 to 9 of about 10 (some duplicates have been removed)